did shareholders get ponzied?

Hi All,

When I first bought into BNB (I was informed) they were a solid, blue-chip co and a "screaming" buy, now they are barely a Zombie with a few slow, fat leaches hanging off the carcus.

So I got thinking, in past years there were reasonable earnings reported, were these earnings for real?

Or, were they somehow adding some borrowings to the real earnings to give an exagerated earnings so that the likes of Babcock and Green, plus the other execs, could fleece the company and us shareholders out of our hard earned?

Call me crazy, though I can't understand how that sort of earnings can just dry up and this is why I was wondering if they were earnings at all?

The Australian says Green received somewhere in the order of $50M in recent years, as others have been saying, surely ASIC can't let us down and not investigate who has robbed us!!

Luckily (for me) I had no skin in Allco or ABC, though plenty did and there appears a similar pattern emerging.

Any thoughts? Mop.